The International Monetary Fund raised China\'s growth projections citing strong first quarter growth data and recent policy measures, but cautioned about downside risks to growth. The Washington-based lender expects the second-largest economy to grow 5 percent this year, which is faster than the 4.6 percent projected in April. Likewise, the outlook for 2025 was lifted...
BioNTech SE (BNTX) and the Coalition for Epidemic Preparedness Innovations or CEPI, announced Wednesday they are expanding their strategic partnership to contribute to building a sustainable and resilient end-to-end African vaccine ecosystem. CEPI is committing up to $145 million to support BioNTech to establish mRNA vaccine R&D, clinical and commercial-scale manufacturing capabilities at the Company\'s...
Reinsurance Group of America, Inc. (RGA) announced Wednesday that Axel Andre will join the company as Executive Vice President on June 24, 2024. Andre is expected to be named Chief Financial Officer (CFO), following a brief transition period, effective August 5. Andre will succeed Todd Larson, who served the company for nearly three decades. Larson...
International Distributions Services plc, the owner of Britain\'s 500-year old postal service and courier company Royal Mail, has agreed to a takeover offer by EP Corporate Group, owned by Czech billionaire Daniel Kretinsky. The total deal value is around 3.568 billion pounds on a fully diluted basis, while enterprise value is 5.284 billion pounds for...
The Hong Kong stock market has finished lower in consecutive trading days, sinking more than 350 points or 1.9 percent along the way. The Hang Seng Index now sits just above the 18,475-point plateau and it\'s likely to open to the downside again on Thursday. The global forecast for the Asian markets is negative on...
The Indonesia stock market has alternated between positive and negative finishes through the last four trading days since the end of the two-day slide in which it had stumbled more than 130 points or 1.9 percent. The Jakarta Composite Index now sits just above the 7,140-point plateau and it\'s expected to open in the red...
The Thai stock market has moved lower in consecutive trading days, stumbling more than 15 points or 1.1 percent along the way. The Stock Exchange of Thailand now sits just beneath the 1,350-point plateau and it\'s expected to extend its losses on Thursday. The global forecast for the Asian markets is negative on concerns over...
Indian shares are seen opening lower on Thursday amid a sell-off in the U.S. bond market and investor anxiety ahead of the general election results, due next week. The Lok Sabha exit poll results will be announced post the completion of all seven phases on June 01. The actual results will be announced on June...
French stocks were subdued on Tuesday as market participants awaited the U.S. PCE price index report due later this week as well as speeches from Fed officials including Mester, Bowman, Kashkari, Cook and Daly for more clarity on the path for Federal Reserve monetary policy. Traders also looked ahead to the release of German and...
U.K. stocks were subdued on Tuesday as industry data showed shop price growth eased back to normal levels. U.K. shop price inflation weakened in May to the lowest since November 2021 as non-food prices continued to decline, data from the British Retail Consortium and the market research firm NielsenIQ showed. The shop price index posted...